Natural gas price declines below the support – Analysis – 5-12-2022
Economies.com
2022-12-05 05:48AM UTC
Natural gas price opened today with big gap to decline below the minor bullish channel’s support at 6.350, suffering big losses by reaching 5.850.
The frequent stability below the broken support and stochastic negative momentum signals confirm the domination of the bearish bias again, to expect crawling towards 5.550 followed by pressing on the additional support at 5.350 in order to find a way to resume the decline in the upcoming period.
The expected trading range for today is between 6.150 and 5.350
The expected trend for today: Bearish
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